Market Communications

2020

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment toThe Hong Kong and China Gas Company Ltd (Hong Kong and China Gas) structured products, futures and options to account for Hong Kong and China Gas’s bonus shares issuance.

Corporate action overview

Company (Stock Code)

Hong Kong and China Gas (3)

Corporate Action

1 new share for every 20 existing shares held

Ex-date

9 June 2020

Please refer to the announcements made by Hong Kong and China Gas on 19 March 2020 for details.

Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.

Structured products with shares of Hong Kong and China Gas as underlying asset

The listing documents of all existing structured products with the shares of Hong Kong and China Gas as underlying asset contain provisions that deal with a bonus issue. Structured product issuers will make announcements in the evening of 8 June 2020 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price) and investors should read the contents of such announcements carefully.

Adjustment of Hong Kong and China Gas Futures and Options

For detailed trading and clearing arrangement of Hong Kong and China Gas Futures and Options after the adjustments, please refer to the circulars posted on HKEX website.

Investors should note that the adjusted and standard stock futures and options will have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.